Wisconsin Commercial Real Estate News Highlights 2020

Wisconsin | February 22, 2021

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Milwaukee Wisonsin Commercial Real Estate News - Ashley Capital

Ashley Capital combs through the latest stories, and puts together the the top headlines / highlights for commercial real estate news in Wisconsin every quarter. The news updates include the latest real estate property developments, major leases, latest transactions, and other eye-catching stories in the industry.

Wisconsin CRE News – Q4 2020

The Wisconsin and Milwaukee commercial real estate news roundup for Q4 2020 includes: Ashley Capital’s latest industrial development in Sturtevant, Foxconn’s new industrial real estate project in Mount Pleasant, and a couple industrial asset sales.

Ashley Capital Develops 3rd Industrial Building at Enterprise Business Park in WI

Ashley Capital’s ongoing industrial real estate project in Sturtevant, WI, Enterprise Business Park has a new asset. The third building, Enterprise III was recently built and is nearly 400,000 square feet. Read More

Kroger’s Distribution Center in Kenosha County Receives Grant for Road Work

The Kroger Distribution Center in Kenosha receives 288 delivery vans per day, which necessitates more accessible roads. Kroger was approved for a $951K grand to help rebuild a stretch of road leading to the plant in Pleasant Prairie. Read More

Foxconn Takes Over 154 More Acres Near I-94

Foxconn Technology Group’s additional takeover of 154 acres near Mount Pleasant, WI increases its footprint in the area to over 1,000 acres. Read More

Wisconsin CRE News – Q3 2020

The Wisconsin and Milwaukee commercial real estate news roundup for Q3 2020 includes: a couple commercial real estate redevelopment projects, some CRE transactions in the region, and much more.


Harbor District Industrial Property To Be Converted Into Multifamily Project

Historical industrial buildings in Milwaukee’s Harbor District will be restored and converted into 300 apartments as a multifamily housing project. The project is being proposed by Kenosha’s Bear Real Estate Group. Read More

Olympia Resort Hotel in WI To Become Mixed-Use Real Estate Project

The former Olympia Resort Hotel in Oconomowoc, WI is in plans to be torn down and turned into a mixed-use real estate property with apartments, retail stores, restaurants, and a medical office building. Read More

Several Anchor Properties in Wisconsin Retail Projects Up for Auction

CBRE announced the auction of three retail anchor properties at the end of October. The three properties are in Green Bay, Brookfield, and Greendale, WI respectively. Read More

15,000-Square-Foot Retail Center Sold in Stoughton, WI

Lee & Associates brokered the sale of a 15,162-square-foot retail property in WI for $462,500. The buyer is Cider Cinema, LLC. Read More

Illinois Industrial Company Is Moving 60 Jobs to Kenosha County

The Kenosha Area Business Alliance was able to get R+D Custom Automation to bring 60 jobs from Illinois to Wisconsin starting in 2021. This is part of a growing trend covered in the next CRE news article. Read More 

More Than Just Taxes “Driving” Chicago’s Industrial Jobs to Wisconsin

REJournals.com covers the latest trend of industrial sector jobs moving from Illinois to Wisconsin, and the reasons behind it. Read More

Milwaukee Bucks Partner with Developer in Madison, WI for Hotel Project

BizJournals covers the newest project from the Milwaukee Bucks in tandem with a Madison-based developer, North Central Group. It will be a 200-room boutique hotel in downtown Milwaukee. Read More 

Coldwell Banker Officially Closes Sale of 305K-Square Foot Industrial Property in WI

Coldwell Banker represented the seller in an industrial real estate property in Janesville, Wisconsin. The property sold for nearly $8M with a 9.8% cap rate. Read More

Wisconsin CRE News – Q2 2020

The Wisconsin and Milwaukee commercial real estate news roundup for Q2 2020 includes: Ashley Capital’s new industrial construction project in Wisconsin, the acquisition of several industrial real estate assets, and other major construction projects statewide.

Ashley Capital Set to Build 397K-Sq-Ft Industrial Project in WI

Ashley Capital started building a new speculative 397,000-square-foot industrial building at the Enterprise Business Park in Sturtevant, WI. This is the third building to be built at the business park. Read More

Foxconn Breaks Ground on LCD Screen Plant in WI

Foxconn Technology Group began the foundational work for its first major industrial real estate property in Mount Pleasant, Wisconsin. The LCD screen manufacturing plant is scheduled to be completed in late 2020, and will be nearly 1M square feet total. Read More

Zilber Begins Construction on 23K+ Sq Ft Industrial Property

Zilber Property Group started construction on a 23,235-square-foot industrial real estate asset in Kenosha, WI. The building marks Zilber’s 4th industrial asset build in the Kenosha Business Park in the past half decade. Read More

SARA Investment Purchases Milwaukee Industrial Real Estate Asset

SARA Investment Real Estate sealed the deal on the acquisition of a 181K-square-foot industrial building in Milwaukee. The industrial asset is occupied by one tenant, TOTAL Mechanical. Read More

HSA Commercial Begins Construction on 68-Acre Commerce Center

HSA Commercial Real Estate in conjunction with Washington Capital Management began construction on the first phase of a 68-acre commerce center in Bristol, WI, which is on the Wisconsin-Illinois border. Read More

Wisconsin CRE News – Q1 2020

The Wisconsin and Milwaukee commercial real estate news roundup for Q1 2020 includes: Milwaukee’s downtown real estate market update, how Milwaukee is adapting to the pandemic, and a few prominent real estate transactions / leases.

According to Many Experts and Metrics, Downtown Milwaukee Real Estate Is On Fire

RE Journals covers the current state of the commercial real estate market in Milwaukee, particularly downtown. It is as good a time as ever to be in the market. Read More

Milwaukee Real Estate Construction Will Continue Amid Pandemic

The City of Milwaukee is writing up a new plan to help builders continue their real estate construction projects in the region during the coronavirus shutdown. Read More

Jobs-Training Service Company Finds New Home in Milwaukee

Colliers International helped broker a new lease for Ross Innovative Employment Solutions in a Milwaukee office that is 40K+ square feet. Read More

New ‘Record-Breaking’ Timber Skyscraper Approved for Milwaukee

Milwaukee’s Plan Commission approved a 25-story multifamily property that will be built with a timber structure. Read More

United Milwaukee Scrap Seeking Buyers for 50 Acres in Milwaukee

United Milwaukee Scrap owners are looking for buyers of 50 acres of heavy industrial real estate properties / warehouses in Milwaukee. This is an attempt to continue reviving Milwaukee’s once thriving industrial real estate market. Read More

Transwestern Sells Industrial Property Asset in Milwaukee

K Investment Property LLC purchased a 5K square-foot industrial building in Milwaukee on a 15K+ square-foot lot in Milwaukee. The deal was brokered by Transwestern. Read More

Draper and Kramer Finances Three Midwest Real Estate Portfolios

Draper and Kramers Commercial Finance Group closed over $100M in loans for three commercial real estate property portfolios. The portfolios in total possess nearly 3.7M square feet of real estate assets. Read More

Starwood REIT Acquires Light Industrial Portfolio in the Midwest

Miami-based Starwood Real Estate Income Trust inked the deal for a 33-asset light industrial portfolio with properties in Chicago, Indianapolis, Columbus, and Milwaukee. The price for the total purchase is not disclosed. Read More 

Wisconsin CRE News – Q4 2019

The Wisconsin commercial real estate news roundup for Q4 2019 includes: several major transaction deals across the state, Milwaukee’s competitive rental rates for technology companies, Foxconn’s amplified industrial presence, and much more.

Associated Bank Closes $53M Loan for Industrial Property in Wisconsin

Associated bank inked the major loan to Bluepoint 94 LLC for the construction of a 590,525-square-foot industrial building in Pleasant Prairie, WI. When the project is completed in Q3 2020, the facility will be occupied by Fresenius Kabi, a global healthcare company. Read More

Milwaukee Tool Approved for Construction of Industrial Office Building in Spring 2020

Menomonee Falls approved Milwaukee Tool’s plan for the construction of their first new industrial office building on a 65-acre plot of land that recently closed. Read More 

CBRE Sells Distribution Center in Wisconsin

CBRE recently closed the deal for a 494K-square-foot former Shopko regional distribution center located in De Pere, WI. Andy Lubinski and Justin Felix of CBRE Minneapolis represented KK Integrated Logistics and will be marketing the facility. Read More 

Uline’s $130M Project in Kenosha Would Bring Jobs to the Area

Uline Inc is in the approval process for two more warehouse buildings in Kenosha, WI. Economic experts in the region believe that the approval and completion of the new industrial buildings would generate more than 1,000 jobs in the area. Read More

Inland Bank and Trust Seals $11M Loan for Kenosha Industrial Property

Inland Bank and Trust recently closed an $11 million loan in order to refinance a 121,949-square-foot industrial building in Kenosha, WI. When the loan closed, the CRE property was 100% occupied by an investment-grade tenant with around 6.5 years left on their lease. Read More

Welltower Makes $787M Deal for MOB Portfolio

Toledo, OH-based Welltower acquires a 29-property Class-A medical office building portfolio from Hammes Partners for $787 million. It follows a purchase made from Milwaukee-based Hammes for $391 million in 2018. Read More

Milwaukee Stands Out Among Midwest Peer Cities in Office Rates for Tech Companies

The average asking rental rate for tech company offices in Milwaukee is currently at $18.93 / square foot (Q2 2019). This is over 50% below the national average of $40 / square foot. Read More

Seefried Completes Shell Construction of 88K-Square-Foot Industrial Facility

Seefried Industrial Properties together with James Campbell Company LLC completed the shell of the new Franklin Business Center in Franklin, WI. The commercial real estate facility is over 88K square feet, and will be a warehouse distribution center. Read More 

Follow the Construction of Foxconn’s 1-Million-Square-Foot LCD Screen Fabrication Plant

Foxconn Technology Group is continuing to ramp up its presence and production in Mount Pleasant, Wisconsin with the development of new industrial real estate properties. Read More